By Boris Groendahl and Terhi Kinnunen
VIENNA/HELSINKI, Feb 9 (Reuters) – Greece must get its own house in order itself as the European Central Bank cannot bail it out, two ECB policymakers reiterated on Tuesday.
“Greece, being a euro country, is under the regime of euro regulations, and so the main policy approach is of course that they have to solve the problems themselves,” ECB Governing Council member Ewald Nowotny said in an interview.
“The ECB have a clear mandate … we have a clear no-bailout clause,” Nowotny said in an interview with FT Alphaville, a blog published by the Financial Times newspaper.
Fellow Governing Council member Erkki Liikanen told Finnish broadcaster YLE: “We wait and trust that Greece will carry out those actions it announced last week.”
“It is very important that we follow the stability pact guidelines and that all countries get their debt under control. Otherwise rates will rise and it will make paying back debt more difficult,” Liikanen said.